US Monthly Trade Deficit Surges to Near-Record High
(Worthy News) – The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply.
The November deficit was 19.3 percent higher than the October deficit of $67.2 billion and was just below the all-time monthly record of $81.4 billion set in September, the Commerce Department reported Thursday.
November imports, goods Americans bought from other countries, jumped 4 percent to $304.4 billion in November, while exports, those the U.S. sends overseas, edged up a scant 0.2 percent to $224.2 billion. [ Source: Western Journal (Read More…) ]
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